Importing and Exporting
Cars & Vehicles
Small Business and Entrepreneurship
Bill of exchange sample?
Asked in Documentary Films
What are the examples of a documentary bill of exchange?
Asked in Relationships, The Difference Between
Difference between bill of exchange and promissory note?
Can a bills of exchange be without Bill of lading?
Asked in The Difference Between
What is the difference between bill of entry and bill of exchange?
Asked in Mortgages, Banking
Difference between a check and a bill of exchange?
The following are the main differences between a cheque and a bill of excyange. A cheque is always drawn on a banker, whereas a bill of exchange can be drawn on any person including a banker. A cheque is always payable on demand, whereas a bill of exchange is either payable on demand or after a fixed period. Payment of a cheque can be countermanded, whereas the payment of a bill of exchange cannot be counter mended. A cheque can be made payable to a bearer, but a bill of exchange can be made payable only to order. A cheque is a means of payment. But a bill of exchange is usually used for financing a trade. In a cheque, the drawer of the cheque is primarily responsible, but in a bill of exchange, the drawee or acceptor is primarily responsible for payment. When a cheque is dishonoured, noting and protesting is not necessary/required. But when a bill of exchange is dishonoured, noting and protesting is necessary. When a cheque is dishonoured, the holder of the cheque need not give notice of dishonour to the drawer to make him liable on the cheque. But on the other hand, when a bill of exchange is dishonoured, notice of dishonour is to be given to all parties, including the drawer to make them liable on the instrument. A cheque can be crossed, but a bill of exchange needs no crossing. M. J. SUBRAMANYAM, BANGALORE
What is a bill of exchange used for?
Asked in Investing and Financial Markets, Transportation and Logistics, Importing and Exporting, The Difference Between
What is the difference between bill of lading and bill of exchange?
Asked in History, Politics & Society
Why is chocolate a sweet sample of Columbian Exchange?
What is the difference between Cheque Promissory note and Bill of exchange?
The following are the main differences between a Bill of Exchange and a Promissory Note: A Bill of Exchange is an unconditional order to pay money, whereas a promissory note is an unconditional undertaking or promise to pay money to a certain person. In a Bill of Exchange, there are three parties, viz., the drawer, the drawee and the payee. In a Promissory Note, there are only two parties, viz., the Maker and the Payee. In case of usance (Time) bill, acceptance of the bill is necessary, whereas in a promissory note no such acceptance is required. While foreign bill of exchange is drawn in sets of three, foreign promissory note requires no such sets. In case a foreign bill of exchange is is dishonoured, protesting is compulsory. But when a foreign promissory note is dishonoured, no protesting is required. In case a bill of exchange is dishonoured, a notice of dishonour is required to be given by the holder to the maker of the bill (= drawer). However, in case a promissory note is dishonoured, no notice of dishonour is required to be given by the holder of the maker of the promissory instrument. The liability of the drawer (= maker) of a bill of exchange is secondary, whereas, the liability of the maker of a promissory note is primary. A bill of exchange is drawn for financing trade, whereas, the liability of the maker of is a promissory note is primary. When a bill of exchange is made payable to the bearer, it is not considered as illegal. But a Promissory Note, which does not contain the payee's name, but states that it is payable to bearer, it becomes illegal. In a bill of exchange, the drawee can put conditions subject he will accept the bill. but in a promissory note a maker cannot put any conditions on it. M.J. SUBRAMANYAM, BANGALORE
Asked in Slogans and Mottos
Where can you find sample slogan about reproductive health?
Learn What To Expect With A Sample Cable Bill?
Signing up for cable for the first time can make budgeting for the new bill difficult, since the total rarely comes out to what you expect. Some companies and websites can provide a sample bill so you can start budgeting in advance. Before you sign up for cable service, ask the company you are working with to provide you with a sample cable bill for your particular plan so you know what extra fees and unexpected charges may show up on your account. Comparing a sample bill to the amount you expect to spend is a great way to protect yourself from unnecessary expenses.
Asked in Mortgages, Banking
What are the similarities of a check and a bill of exchange?
Asked in Accounts Payable
What is the definition of dishour of bills of exchange?
What is the difference between Deferred Payment Credit and Acceptance Credit?
Asked in Credit Reports, The Difference Between
Difference between bill of exchange and letter of credit?
Bill of exchange is an old fashion method of debt settlement, paper based and is not authenticated. LC is a new method which is based on SWIFT MT700 and is bank to bank authentication of a debt settlement in trade. LC, by default, is bank to bank sponsorship but Bill of exchange, by default is not a banking instrument. however, bank may be involved in its parties or not. Bill of exchange , solely cannot be used in trade unless this is accepted by buyer's bank which is called documentary collection. also , along with LC , some banks use Bill of exchange as a supporting and cheaper method of guarantee. Recently, there is a new version of Bill of exchange, named Billex , offered by Billex trade finance corp in Canada and Singapore, which has an online reporting system and verification possibility to compensate for lack of authenticity of Bill of exchange. some banks are using it and some see it as a thread to their LC business . Billex is cheap and LC is expensive... I guess it will grow very fast in the market.